Indian Bank Result

Indian Bank Q2FY25 results: Net profit rises 36% to Rs 2,707 crore

The net interest margin (NIM) declined by seven basis points (bps) to 3.39 per cent in Q2FY25 compared to 3.46 per cent in Q2FY24

Indian Bank Q2FY25 results: Net profit increases 36% to Rs 2,707 cr

State-owned Indian Bank on Monday reported 36 per cent increase in profit at Rs 2,707 crore for the second quarter ended September 2024. The Chennai-based lender had earned a net profit of Rs 1,988 crore in the same quarter a year ago. Total income increased to Rs 17,770 crore during the quarter under review from Rs 15,736 crore in the same period last year, Indian Bank said in a regulatory filing. The bank reported interest income of Rs 15,348 crore during the quarter compared to Rs 13,743 crore in the same period a year ago. Net Interest Income (NII) improved to Rs 6,194 crore, from Rs 5,741 crore in the second quarter of previous year, registering an increase of 8 per cent. As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 3.48 per cent of gross loans by the end of September 2024 from 4.97 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.27 per cent from 0.60 per cent at the end of the second quart

Indian Bank raises Rs 5,000 crore through long-term infrastructure bonds

The bank said the private placement of long-term infrastructure bonds received an overwhelming response at 3.19 times the total issue size

Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore

As on March 31, 2024, the company's gross non-performing assets (NPA) were 3.95 per cent of gross advances, compared to 5.95 per cent during the same period in 2023

South Indian Bank Q4 results: Net profit down 14% at Rs 287.56 crore

The bank's gross non-performing asset in Q4 FY24 came down by 64 basis points from 5.14% to 4.50%

PNB Recruitment 2024: Registrations for 1,025 Specialist Officer posts soon

Punjab National Bank (PNB) has announced a recruitment notice for the PNB SO posts on the official website. The registration process will begin on February 7 and go on until February 25, 2024

Indian Bank Q1 results: Net profit rises 41% to to Rs 1,850 crore

In Q1 FY24, the bank's total business grew by 9 per cent to Rs 11.01 trillion, up from Rs 10.09 trillion at the end of June 2022

Indian Bank Q4 net profit up 48% to Rs 1,520 crore as NII rises 29%

Board recommends dividend of Rs 8.60 per equity share, clears plan to raise equity capital

SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins

The lender's net interest income improved 12.83 per cent YoY to Rs 35,183 crore for Q2FY23, against Rs 31,184 crore last year

ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%

Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year

Indian Bank posts net profit of Rs 1,709 crore for March quarter

Indian Bank on Friday reported a net profit of Rs 1,708.85 crore in the March-ended quarter. The lender had posted a net loss of Rs 217.74 crore in the same quarter of the preceding financial year 2019-20. Sequentially, the bank had posted a net profit of Rs 514.29 crore in the December quarter of the financial year 2020-21. The bank said figures of March 31, 2020, are related to standalone Indian Bank financing for the pre-amalgamation period, hence not comparable with the post amalgamation financials of December 2020 and March 2021. The erstwhile Allahabad Bank was amalgamated into Indian bank with effect from April 1, 2020. Total income during the January-March quarter of 2020-21 increased to Rs 10,647.87 crore. It was Rs 6,334.37 crore in the same period of 2019-20, Indian Bank said in a regulatory filing. For the full year of the financial year 2020-21, the net profit of the bank was recorded at Rs 3,004.68 crore. In the previous financial year, the bank had a total income o

Indian Bank posts 74% growth in PBT at Rs 390.35 crore for Q3FY20

The performance was in line with expectations, Padmaja Chunduru, MD & CEO, Indian Bank said

Indian banks' FY18 results likely to be weak, says S&P Global Ratings

Indian banks' results for the fiscal year ended March 2018 are likely to be weak, S&P Global Ratings said today. "While recent announcements are net negative for bank results, we believe that rating downgrades are unlikely. This is because our expectations for fiscal 2018 were already low for most banks," S&P Global Ratings Credit Analyst Michael Puli said. The central bank's recently announced change to the recognition of restructured loans will probably foster early recognition and higher provisions across the banking sector. "We believe that announcements such as smoothing provisioning for mark-to-market losses on investments over four quarters will temper but not offset the immediate burden from strained performances," S&P said. In a report titled 'India's Banks Are Bracing For Weak Fiscal 2018 Results', S&P said it believes that at a system level the ratio of stressed assets is realistically around 13-15 per cent, compared with 12.3 per cent in the first half of ..

Indian Bank's Q1 net profit up 21% on robust other income

Bad loan provisions more than double in Q1 to Rs 681 cr from Rs 327 cr for Q1 of FY17

Indian Bank Q1 net up 21% to Rs 372 cr on robust growth in other income

Bad loan provisions more than double in Q1 to Rs 681 cr from Rs 327 cr for Q1 of FY17